Gantry, Inc has arranged permanent financing in the amount of $7,000,000 for a 94,000 square foot neighborhood shopping center situated on the main arterial in Casa Grande, Arizona.

The subject property enjoys excellent access and visibility along Florence Boulevard.   It has been recently renovated by the borrower and features several well-known national tenants. The property was 90% leased by thirteen (13) tenants at closing, many of whom have been located at the center for 10+ years.

Tim Storey, a Principal in Gantry’s Phoenix office secured the financing for the borrower through one of Gantry’s CMBS relationships. Specific terms of the loan were not disclosed.

Gantry is a full service mortgage banking firm with a strong lineup of correspondent lenders utilizing Gantry’s production, closing and servicing capabilities. Established in 1991, Gantry is currently staffed by over 60 employees in regional offices throughout the western United States. The company services over $7 billion representing 900 loans. Gantry has been rated as a Primary Servicer by Standard and Poor’s and is one of a select few non-banking/non-insurance chartered companies with this designation.

For more information on this transaction, please contact Tim Storey at 602-374-7854 or Michael Heagerty at 415-956-9854.